Accel Entertainment, Inc. (NYSE:ACEL) Director Sells $308,750.00 in Stock

Accel Entertainment, Inc. (NYSE:ACEL) Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total transaction of $308,750.00. Following the transaction, the director now directly owns 335,635 shares in the company, valued at approximately $4,145,092.25. The trade was a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Accel Entertainment Stock Down 3.6 %

Shares of Accel Entertainment stock opened at $12.02 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. The company’s fifty day simple moving average is $11.14 and its two-hundred day simple moving average is $11.36. The company has a market cap of $989.32 million, a P/E ratio of 23.56 and a beta of 1.46. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.96.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its position in shares of Accel Entertainment by 32.4% in the 4th quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after buying an additional 1,051 shares during the period. EP Wealth Advisors LLC grew its position in shares of Accel Entertainment by 21.0% in the 4th quarter. EP Wealth Advisors LLC now owns 15,186 shares of the company’s stock worth $162,000 after buying an additional 2,640 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Accel Entertainment by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock worth $5,135,000 after buying an additional 3,151 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Accel Entertainment by 18.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,634 shares of the company’s stock worth $221,000 after buying an additional 3,237 shares during the period. Finally, AdvisorShares Investments LLC grew its position in shares of Accel Entertainment by 11.5% in the 4th quarter. AdvisorShares Investments LLC now owns 32,070 shares of the company’s stock worth $343,000 after buying an additional 3,300 shares during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.

About Accel Entertainment

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.